Glacier Hills Credit Union
- Assets
- $219.6m
- Revenue
- $9.3m
- Investments
- $45.8m
- Employees
- 62
- Location
- West Bend, WI
- Founding
- Data as of
- 12/2022
- EIN
- 39-0803157
Organization Overview
Glacier Hills Credit Union is located in West Bend, WI. As of 12/2022, Glacier Hills Credit Union employed 62 individuals. Glacier Hills Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2022, Glacier Hills Credit Union generated $9.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $7.3m during the year ending 12/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A COOPERATIVE, NOT-FOR-PROFIT CORPORATION, INCORPATED UNDER WISCONSIN STATE LAW TO ENCOURGE THRIFT AMONG ITS MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST, AND PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW COST FINANCIAL SERVICES TO 17,067 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Winkler President | Officer | 40 | $164,454 |
Eric Schmoldt CFO | Officer | 40 | $111,252 |
Travis Livingood Vice President Of Marketing | 40 | $104,413 | |
Chris Trost Director Of Lending | 40 | $101,107 | |
Karen Wilson Chairperson | OfficerTrustee | 1 | $0 |
Ken Schuh Vice Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Core Processor | 12/30/22 | $1,062,978 |
Ontech Systems Inc It Maintenance | 12/30/22 | $166,684 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $8,540,606 |
| Investment income | $746,864 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,876 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,272,339 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,671 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,874,489 |
| Pension plan accruals and contributions | $83,451 |
| Other employee benefits | $626,660 |
| Payroll taxes | $177,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $82,982 |
| Fees for services: Accounting | $25,197 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $243,599 |
| Office expenses | $213,321 |
| Information technology | $701,569 |
| Royalties | $0 |
| Occupancy | $273,509 |
| Travel | $9,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,272 |
| Interest | $509,852 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $351,448 |
| Insurance | $27,102 |
| All other expenses | $85,564 |
| Total functional expenses | $7,347,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,316,536 |
| Savings and temporary cash investments | $6,544,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $540,204 |
| Loans from Officers, Directors, or Controlling Persons | $165,154 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $155,709,704 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $192,251 |
| Net Land, buildings, and equipment | $4,136,845 |
| Investments—publicly traded securities | $2,397,080 |
| Investments—other securities | $45,760,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,824,879 |
| Total assets | $219,587,920 |
| Accounts payable and accrued expenses | $2,630,351 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,644,401 |
| Total liabilities | $198,274,752 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,313,168 |
| Total liabilities and net assets/fund balances | $219,587,920 |